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UBP: Seek protection in the dovish environment

Against the background of an increasingly dovish Fed, UBP is advising clients to seek protective strategies, as the bank believes a dovish view indicates increased downside growth risk. “In equities, we see the risk of valuation downgrades especially as the US’s high valuation has yet to be priced in against full slowdown risk,” Anthony Chan, chief investment strategist Asia at…

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